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Oct 23, 2014
Oct 23, 2014
Oct 23, 2014

Dollar rises on return to riskier assets

NEW YORK, Oct 23 (Reuters) – The dollar rallied on Thursday
as investors plowed cash back into riskier asset classes,
underpinned by promising U.S. data and stronger-than-expected
manufacturing reports in Europe and China.

The dollar rose 0.10 percent against a basket of major
currencies, with the U.S. Dollar Index at 85.83. It
benefited from both rising U.S. Treasury yields, which reflected
an easing of investor concerns after last week’s phalanx of
selling, and a continuing U.S. equities rally.

Oct 23, 2014
Oct 23, 2014
Oct 23, 2014

Risk-on trade pulls dollar higher

NEW YORK (Reuters) – The dollar rallied on Thursday as investors plowed cash back into riskier asset classes, with an underpinning of promising data from the United States and better-than-expected manufacturing data in Europe and China.

The dollar was up 0.14 percent against a basket of major currencies, trading at 85.806 .DXY. It benefited from both rising U.S. Treasury yields, which illustrated an easing of investor concerns after last week’s phalanx of selling, and a continuing U.S. equities rally.

Oct 23, 2014
Oct 23, 2014
Oct 23, 2014
Oct 23, 2014
    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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